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Cygnet, TAS 7112

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cygnet, TAS 7112 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cygnet, TAS 7112”

  1. The total adult population (15 years or older) of Cygnet 7112 TAS is 1,420, with a median age of 46. Of those, 41.06% are married, 16.62% are divorced or separated, 36.90% are single and 5.14% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,376. The median monthly mortgage repayment for households in this suburb is $1,280 which is 23.81% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cygnet, postcode 7112, situated in the picturesque state of Tasmania serves as home to an estimated 944 households. As of Q3 2023, the real estate data shows typical prices for houses in this charming suburb standing at $828,364. At this price level, with a median weekly rent clocking at $400, property investors can expect an indicative yield of roughly 2.51% – which is somewhat below the preferred minimum yield of 3% for cashflow-centered property investors.

    Pivoting to the socio-economic structure of the Cygnet 7112 area, the location boasts an IRSAD score of 920 out of 1217. This suggests a strong socio-economic standing that incorporates commendable access to economic resources, higher income levels and a sizable proportion of skilled professions in the population.

    In terms of the renter to owner ratio, Cygnet 7112 showcases a remarkable balance with only 23% renters. A figure that falls under the favourable 30% threshold, hinting towards lower competition and risk for the investors. Similarly, the units to houses ratio is also considerably favourable at just 6%, thus laying down a market where rental competition amongst landlords is notably reduced.

    Nevertheless, an area of concern for potential investors might be the Affordability Index. At 60 years to fully own a property, the area shows signs of decreased affordability, which may have implications for the demand side of the equation.

    When it comes to the supply side indicators, Cygnet seems really promising. With a meagre stock on market Percentage of 0.11% and an inventory level at a low 0.4 months, the suburb indicates an extremely low supply – generally a favourable scenario for property investors. This is further substantiated by the building approvals ratio, standing at a decent 1.2%.

    However, the suburb presents higher than usual average time on market; at 114 days, it could mean that demand isn’t intense. That said, further balance is added onto this picture by the Vacancy Rate, which at a mere 0.94% signifies a high demand. It shows that there are very few vacant properties available in the suburb.

    With regards to the interest in the suburb measured by the Buy Search Index, Cygnet 7112 proudly stands at par with the state/city average, with a value of 5.

    Overall, notwithstanding a few unfavourable indicators, the majority of metrics for Cygnet 7112 houses fall in the favourable spectrum or maintain neutrality. Potential investors are however encouraged to keep an eye on any developing trends using a tool such as the RCS (Relative Composite Score) provided by HtAG Analytics for more comprehensive analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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